Investing.com -- Lenovo Group (OTC:LNVGY) Limited, a global technology giant, has announced a definitive agreement to purchase Infinidat Ltd, a leading provider of high-end enterprise storage solutions. This acquisition is a part of Lenovo's growth strategy to bring unique technology solutions to the market and further enhance its enterprise storage offerings globally. The move underscores Lenovo's commitment to delivering innovative storage solutions to meet the changing needs of modern data centers.
The transaction with Infinidat is expected to create strategic synergies with Lenovo's infrastructure solutions business and enterprise storage capabilities. With Infinidat's strong storage solutions and research & development capabilities, Lenovo will gain access to enterprise storage products and innovation. Infinidat's expertise in high-performance, mission-critical enterprise storage solutions for scalable, cyber-resilient data management complements Lenovo's innovation and R&D capabilities.
The acquisition will also expand Lenovo's storage solutions portfolio to include high-end enterprise storage. The transaction will build upon Lenovo's existing position in the entry and mid-range enterprise storage market, which includes a comprehensive portfolio of flash and hybrid arrays, hyperconverged infrastructure (HCI), software-defined storage (SDS), and Lenovo TruScale data management solutions.
The merger of Infinidat with Lenovo's existing global infrastructure business, customer access, and global supply chain scale and capabilities, will create new opportunities for high-end enterprise storage products and unlock new revenue opportunities for Lenovo's storage business.
Greg Huff, Chief Technology Officer, Lenovo Infrastructure Solutions Group, expressed excitement about the acquisition and highlighted Infinidat's expertise in high-performance, high-end data storage solutions. Phil Bullinger, Chief Executive Officer, Infinidat, also expressed optimism about expanding the comprehensive value they provide to enterprise and service provider customers across on-premises and hybrid multi-cloud environments, leveraging Lenovo's extensive global capabilities.
The terms of the transaction have not been disclosed, and the deal is subject to customary regulatory approvals and other closing conditions.
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